BTCUSDT wants to retest 40k
The price got a rejection from 45-46k zone from the weekly resistance and created a double top on in.
At the moment the price is testing the last daily support on 38500 before the weekly one on 34k
On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
At the moment the price is testing the last daily support on 38500 before the weekly one on 34k
On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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